RECENT REAL ESTATE ACQUISITIONS (Notes)

9 Months Ended

Sep. 30, 2013

RECENT REAL ESTATE ACQUISITIONS [Abstract]

Recent Real Estate Acquisitions

RECENT REAL ESTATE ACQUISITIONS

During the nine months ended September 30, 2013, the Company acquired one senior housing facility for a total purchase price of $6.2 million. The purchase price was allocated as follows (in thousands):

				Intangibles
Land		Building and Improvements		Tenant Origination and Absorption Costs		Tenant Relationship		Total Purchase Price
$	597	$	5,465	$	93	$	20	$	6,175

The tenant origination and absorption costs intangible assets and tenant relationship intangible assets acquired in connection with this acquisition have weighted-average amortization periods as of the date of acquisition of 15 years and 25 years, respectively.

For each of the three and nine months ended September 30, 2013, the Company recognized rental income of $0.2 million from this property.